diff --git a/rapids-cmake/cpm/versions.json b/rapids-cmake/cpm/versions.json
index 78ee5a28..886b87cf 100644
--- a/rapids-cmake/cpm/versions.json
+++ b/rapids-cmake/cpm/versions.json
@@ -50,14 +50,14 @@
       "git_tag": "4879607c7086f3ebae2f8b9655d0b920c41d22ef"
     },
     "nvcomp": {
-      "version": "4.2.0.11",
+      "version": "5.0.0.6",
       "git_shallow": false,
       "git_url": "https://github.com/NVIDIA/nvcomp.git",
       "git_tag": "a6e4e64a177e07cd2e5c8c5e07bb66ffefceae84",
       "proprietary_binary_cuda_version_mapping": {
         "11": "11",
         "12": "12",
-        "13": "12"
+        "13": "13"
       },
       "proprietary_binary": {
         "x86_64-linux": "https://developer.download.nvidia.com/compute/nvcomp/redist/nvcomp/linux-x86_64/nvcomp-linux-x86_64-${version}_cuda${cuda-toolkit-version-mapping}-archive.tar.xz",
diff --git a/testing/cpm/cpm_nvcomp-proprietary_binary-lib-location-common.cmake b/testing/cpm/cpm_nvcomp-proprietary_binary-lib-location-common.cmake
index c15d7287..06d07bcd 100644
--- a/testing/cpm/cpm_nvcomp-proprietary_binary-lib-location-common.cmake
+++ b/testing/cpm/cpm_nvcomp-proprietary_binary-lib-location-common.cmake
@@ -32,9 +32,11 @@ endif()
 
 # Check the contents of the nvcomp cmake files to ensure that every line containing "_IMPORT_PREFIX"
 # also contains "${CMAKE_INSTALL_LIBDIR}"
-set(nvcomp_list_of_target_files
-    "nvcomp-targets-common-release.cmake" "nvcomp-targets-dynamic-release.cmake"
-    "nvcomp-targets-static-release.cmake")
+set(nvcomp_list_of_target_files "nvcomp-targets-dynamic-release.cmake"
+                                "nvcomp-targets-static-release.cmake")
+if(nvcomp_VERSION VERSION_LESS "5.0")
+  list(APPEND nvcomp_list_of_target_files "nvcomp-targets-common-release.cmake")
+endif()
 foreach(filename IN LISTS nvcomp_list_of_target_files)
   file(STRINGS
        "${CMAKE_CURRENT_BINARY_DIR}/_deps/nvcomp_proprietary_binary-src/${CMAKE_INSTALL_LIBDIR}/cmake/nvcomp/${filename}"